In the first busy week since the August break, six companies and two SPACs entered the public market. VC-backed health and tech fared well, led by 10x Genomics (TXG) and Cloudflare (NET), while SmileDirectClub (SDC) saw its initial hype evaporate.
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Alerus Financial, a regional bank with a focus on retirement and benefit services, raised $60 million by offering 2.9 million shares at $21, below the range of $22 to $24. The company sold 390,000 less shares and raised 20% less than anticipated. ...read more
After a month-long break, the IPO market is picking up with six deals expected to raise $2.2 billion in the week ahead. Three companies are targeting IPO valuations of $3.5 billion or more. SmileDirectClub (SDC) is the week's largest offering, raising a...read more
Alerus Financial, a diversified financial services provider with locations in five states, announced terms for its IPO on Tuesday. The Grand Forks, ND-based company plans to raise $75 million by offering 3.3 million shares at a price range of $22 to $24....read more
US IPO Weekly Recap: Tech and life sciences fare well while SmileDirectClub falls flat in 6-IPO week
In the first busy week since the August break, six companies and two SPACs entered the public market. VC-backed health and tech fared well, led by 10x Genomics (TXG) and Cloudflare (NET), while SmileDirectClub (SDC) saw its initial hype evaporate. ...read more
Financial services provider Alerus Financial prices IPO at $21, below the range
Alerus Financial, a regional bank with a focus on retirement and benefit services, raised $60 million by offering 2.9 million shares at $21, below the range of $22 to $24. The company sold 390,000 less shares and raised 20% less than anticipated. ...read more
US IPO Week Ahead: IPO market is all smiles with 6 deals including SmileDirectClub
After a month-long break, the IPO market is picking up with six deals expected to raise $2.2 billion in the week ahead. Three companies are targeting IPO valuations of $3.5 billion or more. SmileDirectClub (SDC) is the week's largest offering, raising a...read more
Financial services provider Alerus Financial sets terms for $75 million IPO
Alerus Financial, a diversified financial services provider with locations in five states, announced terms for its IPO on Tuesday. The Grand Forks, ND-based company plans to raise $75 million by offering 3.3 million shares at a price range of $22 to $24....read more